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A lawsuit accusing Elon Musk of rigging dogecoin is ending. Investors in the cryptocurrency who said the world's richest person and his electric car company Tesla committed fraud and insider ...
The Trump meme coin was launched on January 17, 2025, three days before Trump was inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. [4]
xAI was founded by Musk [8] [9] [10] in Nevada [5] on March 9, 2023, and has since been headquartered in the San Francisco Bay Area in California. [11] Igor Babuschkin, formerly associated with Google's DeepMind unit, was recruited by Musk to be Chief Engineer.
Dogecoin rose around 10% on Friday after Tesla CEO Elon Musk announced that the electric car company would be accepting the cryptocurrency as a form of payment for certain merchandise.
The coin's market cap hit $6 billion at one point, trading at $31 at its peak. ... Trump hasn't always been a crypto fan, even calling the industry a "scam" and a "disaster waiting to happen" in 2021.
A similar scam, promising that a "Trump Liberty Coin" purchased for $149 could be redeemed at Bank of America for $100,000, circulated in April 2024; a Bank of America spokesperson denied any connection between the bank and the coins. [8]
Common scams include fake initial coin offerings (ICOs), which entice victims to purchase worthless currencies, and fake digital wallets, where victims unknowingly provide private keys to criminals.
Dogecoin (/ ˈ d oʊ (d) ʒ k ɔɪ n / DOHJ-koyn or DOHZH-koyn, [2] Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. [3]